About Kotak Mahindra Bank

Halt your search of right financial & banking partner that can assist and guide you in taking crucial monetary decisions as Kotak Mahindra Bank is here to provide you with the wise and healthy banking advice. It was the first bank in the Indian history to convert into a bank from a financial company. Kotak Mahindra Finance Limited got the permission from RBI to conduct banking activities in the year 2003. Since then it has endeavoured to turn each market threat into the business opportunity and locked great success in the banking and financial industry. It is a well-known Indian private sector bank. It received an award of Best Private Bank in India at Global Private Banking Awards 2016 and has many more such awards to its credit.It is a one stop shop for all banking needs. The bank offers personal finance solutions of every kind from savings accounts to credit cards, distribution of mutual funds to life insurance products. Kotak Mahindra Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. Kotak has one of the largest and most respected Wealth Management teams in India, providing the widest range of solutions to high net worth individuals, entrepreneurs, business families and employed professionals. It has unique products to meet the diverse requirements of each social class.

Address of Kotak Mahindra Bank Branches in Hyderabad

The complete address, IFSC Code, MICR Code and customer care details of Kotak Mahindra Bank located in Hyderabad are mentioned in the table below:

Products Offered by Kotak Mahindra Bank in Hyderabad

In Hyderabad, Kotak Mahindra Bank provides all the useful banking products and services to satisfy the banking requirements of people. The information of all products, their eligibility and documents required to avail those products are mentioned in the table below:

Kotak Mahindra Bank Products Details

Product Name

Eligibility Criteria

Amount

Interest Rate

Processing Fee

Tenure

Home Loan

Individuals, either solely or jointly can apply for the home loan if they fall in the age bracket and earn a considerable income as per bank norm

Up to 90% of the property

8.35% - 8.50%

Nil

Up to 20 years

Personal Loan

All Indian residents who are employees of either MNCs, Public and Private limited companies with: - Minimum age 21 years and maximum 58 years - Minimum net salary of ₹ 25,000 - Graduation as minimum Education qualification- Minimum 1 year of stay in the current city- Having total work experience of 2 years

Criteria for Salaried:Minimum age of the applicant should be 21 yearsMaximum age of the applicant at loan maturity should be 58 yearsThe applicant must earn minimum income of ₹ 15,000 per monthMust have minimum employment of 12 months

Criteria for Self- Employed;Minimum age of the applicant should be 21 yearsMaximum age of the applicant at loan maturity should be 65 yearsMinimum employment in the current line of business should be at least 1 year

Minimum - ₹ 75,000 Maximum - Up to 90% of the car value

As per company’s norms

As per company’s norms

Maximum - 7 years

Loan Against Property

- All individuals either solely or jointly can apply for loan against property - Minimum annual income should be Rs. 1.44 lakh as per the P&L.- Minimum 21 years of age.- Maximum 65 years of age at the time of loan maturity.- Firm/company should have been in operation for the last 3 years.- Firm/company should be making cash profits for the last two years.

₹10 lakhs to ₹3 crores

10% p.a.

up to 1% of the loan amount

Maximum Up to 12 years

Business Loan

The borrower should be in the line of business for 3 years and the business should be profitable for last 2 years.

The eligible segments are: - Self employed businessmen with an annual turnover of ₹ 2 crores- Manufacturers with an annual turnover of ₹ 1 crore- Service Providers with an annual turnover of ₹ 50 lacs

₹ 3 lacs to ₹ 75 lacs

16% p.a. - 19.99% p.a.

Up to 2% of the loan amount

15 years

Gold Loan

- The applicant should be a resident Individual or Proprietor-The age of the applicant should be 18 years and above

Minimum - ₹ 25,000Maximum - ₹ 25 lacs

10.5% p.a. to 17% p.a.

2% of the loan amount

Up to 3 years

Education Loan

- The student should be an Indian National- The student shall have secured the admission in India or abroad through an entrance test or through merit based selection process- The minimum age of the joint applicant should be 21 years but not more than 70 years

For studies in India - maximum ₹10 lacs

Studies abroad - maximum ₹ 20 lacs

11.5% p.a. - 24% p.a.

Up to 2% of the loan amount + service tax

Fixed Deposit

An individual either solely or jointly A minor jointly with a majorHUFPrivate TradersProfessionals Partnerships FirmsCompaniesClubsSocieties & Corporates

-

3.50% - 7.30%

-

7 days to 10 year

Documents Required

The list of documents required to avail the benefit of the financial products are given below:

Product Name

Documents

Home Loan

Proof of identity (photocopies of Voters ID card/ Passport/ Drivinglicence/ IT PAN card)Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill/Property tax receipt/ Passport/ Voters ID card)Proof of Income - Original Salary Certificate from employer, TDS certificate on Form 16 or copy of IT Returns for last two financial years, duly acknowledged by IT Deptt., Acknowledged copies of three years I.T. returns/ Assessment Orders, Photocopies of challans evidencing payment of Advance Income TaxProof of business address for non-salaried individualsStatement of Bank Account/ Pass Book for last six monthsSignature identification from present bankersPersonal Assets and Liabilities statement

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